News From Press Monthly premium, more illness to be covered:5 changes in health insurance policy

Monthly premium, more illness to be covered:5 changes in health insurance policy

IRDAI is trying to make insurance policies more standardised

Mint Oct 5, 2019

The Insurance Regulatory and Development Authority of India (IRDAI) has recently announced that customers can now pay their health insurance premium in various installments — monthly, quarterly or half yearly. Earlier, health insurance companies used to collect home insurance premium on an annual basis.

With a number of changes, IRDAI is now trying to make insurance policies more standardised and customer-friendly. Here are the few recent changes in health policies:

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